#3 - PepsiCo (NASDAQ:PEP)
Pricing power and recognizable brands are also reasons for investors to consider PepsiCo (NASDAQ:PEP). The company operates in the consumer discretionary sector, but it may as well be considered a consumer staples company. The company’s products have many of the attributes of defensive stocks, including steady demand and the ability to command premium shelf space.
Although the company is known for its iconic soft drinks, the company has also successfully pivoted into snack foods with its acquisition of Frito-Lay. This gives the company two avenues to attract customers. PepsiCo is also branching out into healthier alternatives for both its beverage and snack food products.
PEP stock is up 51% in the last five years. And buy-and-hold investors have seen their total return climb even higher because of the company’s dividend. PepsiCo is a dividend king, having increased its dividend every year for the past 51 years. With a diversified product line that still commands market share, PEP stock looks like a solid buy with interest rates on the rise.
About PepsiCo
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
Read More - Current Price
- $152.79
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 9 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $184.31 (20.6% Upside)
